Market Closing News for July 10, 2024
Market Performance: The NIFTY 50 index closed at 24,321.75, down by 0.46%. The decline can be attributed to profit-booking and cautious investor behavior ahead of key economic data releases. Despite a robust opening, the index could not sustain its gains and ended in the red.
SENSEX
SENSEX, one of the most followed indices, ended the session at 79,918.67, down by 0.54%. The index mirrored the broader market trend, with significant selling pressure observed in heavyweight stocks. This decline underscores the cautious approach adopted by investors amidst mixed global cues.
Nifty 50
Current Value
- Closed at 24,321.75
- Down by 0.46%
SENSEX, one of the most followed indices, ended the session at 79,918.67, down by 0.54%. The index mirrored the broader market trend, with significant selling pressure observed in heavyweight stocks. This decline underscores the cautious approach adopted by investors amidst mixed global cues.
- 79918.67
-667.26 today
NIFTY BANK:
NIFTY BANK
NIFTY BANK Also faced a downturn, closing at 52,212.35 with a decrease of 0.68%. Financial stocks were under pressure as market participants remained wary of interest rate trends and regulatory developments. The banking sector's performance dragged the index lower, contributing to the overall market sentiment.
Closed at 52,212.35
Down by 0.68%
NIFTY BANK has support at 52000 and resistance at 53000. Investors should monitor these levels closely, as a break below support could indicate weakness, while a move above resistance could signal strength.
- Current Value: 52568.8
- Change: (-0.68 %)
Market Indices
Market Performance:
NIFTY MIDCAP 100
- The NIFTY MIDCAP 100 closed at 56,943.45, down by 0.23%. Midcap stocks showed resilience compared to their large-cap counterparts, but the slight dip indicates a careful market stance. Selective buying was noted in this segment, though it was not enough to pull the index into positive territory.
- NIFTY SMLCAP 100
The small-cap segment, represented by the NIFTY SMLCAP 100, ended at 18,800.05, down by 0.83%. Small-cap stocks faced more significant selling pressure, reflecting risk-averse investor behavior. The higher volatility in this segment led to a sharper decline.
NIFTY FINANCIAL SERVICES:
- Closed at 23,608.25
- Down by 0.23%
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